AIS Exam 1 (Ch. 1, 2, 3, 5, 6, 7) QUESTIONS WITH
CORRECT ANSWERS; GUARANTEED PASS!!
System correct answers 1. an entity consisting of two or more components or subsystems that
interact to achieve a goal. 2. the equipment and programs that comprise a complete computer
installation. 3. the programs and related procedures that perform a single task on a computer.
Goal conflict correct answers occurs when a decision or action of a subsystem is inconsistent
with another subsystem or the system as a whole.
goal congruence correct answers achieved when a subsystem achieves its goals while
contributing to the organization's overall goal.
data correct answers facts that are collected, recorded, stored, and processed by an
information system to produce informaiton
information correct answers data that have been organized and processed to provide meaning
to a user
information overload correct answers the state in which additional information can not be
used efficiently and has no marginal value.
information technology (IT) correct answers information system designers use IT to help
decision makers more effectively filter and condense information.
value of information correct answers the benefit produced by the information minus the cost
of producing it.
business process correct answers a set of related, coordinated, and structured activities and
tasks that help accomplish a specific organizational goal.
transaction correct answers an agreement between two entities to exchange goods or services.
any exchange that can be measured in economic terms by an organization.
transaction processing correct answers a process that begins with capturing transaction data
and ends with an informational output.
give-get exchange correct answers a event in which two entities exchange items, such as cash
for goods or services.
transaction cycles correct answers a group of related business activities (sales order entry,
shipping, billing, and cash receipts constitutes the revenue cycle). the four transaction cycle
covered in the text are revenue, expenditure, production, and human resource
management/payroll.
revenue cycle correct answers the recurring set of business activities and data processing
operations associated with providing goods and services to customers and collecting cash in
payment for those sales.
, expenditure cycle correct answers a recurring set of business activities and related data
processing operations associated with the purchase of and payments for goods and services.
production (conversion) cycle correct answers the recurring set of business activities and
related data processing operations associated with the manufacture of products.
human resources management/ payroll cycle correct answers the recurring set of business
activities and data processing operations associated with effectively managing the employee
workforce.
financing cycle correct answers the business activities and data processing operations
associated with obtaining funds to operate, repay creditors, and distribute profits to investors.
general ledger and reporting system correct answers the information-processing operations
involved in updating the general ledger and preparing reports that summarize organizational
activities.
accounting information system (AIS) correct answers a system that collects, records, stores,
and processes data to produce information for decision makers. AIS components include:
people, procedures, and instructions, data, software, information technology infrastructure,
and internal controls and security measures.
predictive analysis correct answers it uses data warehouses and complex algorithms to
forecast future events, based on historical trends and calculated probabilities.
value chain correct answers the linking together of all the primary and support activities in a
business. value is added as a product passes through the chain.
primary activities correct answers activities in the value chain that are performed to create,
market, and deliver products, and services to customers and provide post-delivery service and
support. primary activities include production, shipping and receiving, and marketing.
support activities correct answers activities in the value chain that enable the primary
activities to be performed efficiently and effectively. examples include administration,
purchasing, and human resources.
supply chain correct answers an extended system that includes an organization's value chain
as well as its suppliers, distributors, and customers.
data processing cycle correct answers the operations performed on the data to generate
meaningful and relevant information. it has fours stages: data input, date storage, data
processing, and information output.
source documents correct answers contain the initial record of a transaction that takes place.
examples of source documents, which are usually recorded on preprinted forms, include sales
invoices, purchase orders and employee time cards. contrast with operational document.
turnaround documents correct answers records of company data sent to an external party and
then returned to the system as input. turnaround documents are prepared in machine-readable
form to facilitate their subsequent processing as input records. an example is utility bill.
CORRECT ANSWERS; GUARANTEED PASS!!
System correct answers 1. an entity consisting of two or more components or subsystems that
interact to achieve a goal. 2. the equipment and programs that comprise a complete computer
installation. 3. the programs and related procedures that perform a single task on a computer.
Goal conflict correct answers occurs when a decision or action of a subsystem is inconsistent
with another subsystem or the system as a whole.
goal congruence correct answers achieved when a subsystem achieves its goals while
contributing to the organization's overall goal.
data correct answers facts that are collected, recorded, stored, and processed by an
information system to produce informaiton
information correct answers data that have been organized and processed to provide meaning
to a user
information overload correct answers the state in which additional information can not be
used efficiently and has no marginal value.
information technology (IT) correct answers information system designers use IT to help
decision makers more effectively filter and condense information.
value of information correct answers the benefit produced by the information minus the cost
of producing it.
business process correct answers a set of related, coordinated, and structured activities and
tasks that help accomplish a specific organizational goal.
transaction correct answers an agreement between two entities to exchange goods or services.
any exchange that can be measured in economic terms by an organization.
transaction processing correct answers a process that begins with capturing transaction data
and ends with an informational output.
give-get exchange correct answers a event in which two entities exchange items, such as cash
for goods or services.
transaction cycles correct answers a group of related business activities (sales order entry,
shipping, billing, and cash receipts constitutes the revenue cycle). the four transaction cycle
covered in the text are revenue, expenditure, production, and human resource
management/payroll.
revenue cycle correct answers the recurring set of business activities and data processing
operations associated with providing goods and services to customers and collecting cash in
payment for those sales.
, expenditure cycle correct answers a recurring set of business activities and related data
processing operations associated with the purchase of and payments for goods and services.
production (conversion) cycle correct answers the recurring set of business activities and
related data processing operations associated with the manufacture of products.
human resources management/ payroll cycle correct answers the recurring set of business
activities and data processing operations associated with effectively managing the employee
workforce.
financing cycle correct answers the business activities and data processing operations
associated with obtaining funds to operate, repay creditors, and distribute profits to investors.
general ledger and reporting system correct answers the information-processing operations
involved in updating the general ledger and preparing reports that summarize organizational
activities.
accounting information system (AIS) correct answers a system that collects, records, stores,
and processes data to produce information for decision makers. AIS components include:
people, procedures, and instructions, data, software, information technology infrastructure,
and internal controls and security measures.
predictive analysis correct answers it uses data warehouses and complex algorithms to
forecast future events, based on historical trends and calculated probabilities.
value chain correct answers the linking together of all the primary and support activities in a
business. value is added as a product passes through the chain.
primary activities correct answers activities in the value chain that are performed to create,
market, and deliver products, and services to customers and provide post-delivery service and
support. primary activities include production, shipping and receiving, and marketing.
support activities correct answers activities in the value chain that enable the primary
activities to be performed efficiently and effectively. examples include administration,
purchasing, and human resources.
supply chain correct answers an extended system that includes an organization's value chain
as well as its suppliers, distributors, and customers.
data processing cycle correct answers the operations performed on the data to generate
meaningful and relevant information. it has fours stages: data input, date storage, data
processing, and information output.
source documents correct answers contain the initial record of a transaction that takes place.
examples of source documents, which are usually recorded on preprinted forms, include sales
invoices, purchase orders and employee time cards. contrast with operational document.
turnaround documents correct answers records of company data sent to an external party and
then returned to the system as input. turnaround documents are prepared in machine-readable
form to facilitate their subsequent processing as input records. an example is utility bill.
